After bouncing from the $2.74–$2.78 support zone, the cryptocurrency remains in a consolidation phase, with traders closely watching for a breakout that could set the tone for September. The market is split between bulls aiming for a rally toward $5 and bears who believe a further selloff could still unfold.
The current XRP price is trading near $2.84 after recovering from a multi-week low. The $2.7 support level has repeatedly acted as a key floor, preventing deeper losses. Analysts suggest that as long as XRP stays above $2.7, the price of XRP could stabilize and attempt another move toward the $3 psychological mark.
XRP was trading at around $2.84, down 0.20% in the last 24 hours at press time. Source: XRP price via Brave New Coin
A decisive close above $3 remains crucial to flip market sentiment. If that happens, XRP could target $3.40, then $3.80, before challenging the $4.40–$5.00 range. On the flip side, a break below $2.7 could shift focus toward $2.50 and even $2.21, which many see as the last line of defense before a deeper correction.
Technical analysis shows XRP’s price chart forming a descending triangle pattern with $2.7 serving as its base. This pattern is often viewed as a bearish continuation signal, but a breakout to either side is becoming more likely as price action compresses.
XRP/USDT is trading near $2.28, with chart projections pointing to potential upside targets at $3.00 and $3.40 if momentum holds. Source: CMF_Trading_Point on TradingView
“The next move will be significant,” as a TradingView analyst noted, adding that a breakout above the downtrend line with strong volume could signal the start of a fresh uptrend. A failure to hold support, however, could trigger a wave of selling, filling much of the previous rally’s price gap.
Market data indicates that sellers still hold the upper hand. Trading volume over the past several weeks has favored bears, with each rally attempt met by selling pressure. The Moving Average Convergence Divergence (MACD) indicator on the weekly chart has been trending lower and is nearing a bearish cross, a signal often associated with extended downside moves.
For bulls to reclaim control, a surge in buy-side volume will be needed to break through resistance zones and invalidate the bearish structure.
Despite near-term weakness, Ripple XRP news remains broadly positive for long-term investors. Ripple continues to expand its cross-border payments network, and speculation surrounding a potential XRP ETF approval and Ripple’s planned IPO adds further optimism to the token’s long-term prospects.
XRP/USD is holding above $2.72 and forming higher lows, with a breakout above $3.00–$3.20 likely signaling a push toward $3.53 and beyond. Source: DeGRAM on TradingView
The XRP price prediction 2025 from several market observers remains bullish, with some analysts forecasting a significant upside if the Ripple vs. SEC lawsuit is fully resolved in Ripple’s favor. However, most agree that XRP must first reclaim $3 and hold it as support before any sustained rally toward $5 can materialize.
In the short term, traders will closely monitor whether XRP can stay above $2.7 and break through $3 with convincing momentum. A confirmed breakout could shift the trend and attract fresh capital from both retail and institutional participants.
If bears push the price below $2.5, however, XRP may face another wave of selling, delaying any chance of a $5 breakout until later in the year.
XRP is at a make-or-break point. The next move from this consolidation phase could decide whether XRP enters a bullish reversal or extends its correction further. For now, the market is on breakout watch — and September may finally reveal whether XRP price has the strength to make a run toward $5.
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